India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #437 Rakesh Ramanlal Shah & family ₹8,200 Cr
- #666 Himanshu Jayantilal Shah & family ₹4,800 Cr
Market Cap
₹20,206 Cr
DIACABS · NSE
Share Price
₹326.65
-3.32% today
Revenue
₹1,910 Cr
FY 2025-26 · +71.3% YoY
EBITDA
₹209 Cr
Margin 10.9%
Net Profit
₹158 Cr
FY 2025-26 · +357.2% YoY
P/E (TTM)
105.3x
P/B 20.5x
Authorised capital
₹450 Cr
Registered with MCA
Paid-up capital
₹52.7 Cr
Issued & subscribed
About Diamond Power Infrastructure Limited
Data last updated:
Diamond Power Infrastructure Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 August 1992 and has been in existence for over 34 years.
Its director Rakesh Ramanlal Shah and family are #437 among India's richest people (2026). Its director Himanshu Jayantilal Shah and family are #666 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L31300GJ1992PLC018198. Its GSTIN is 24AAACD8043K3ZN (Gujarat). The company holds 16 GST registrations, of which 2 are active. Its shares are listed on BSE: 522163 and NSE: DIACABS.
The company has an authorised share capital of ₹450 Cr and a paid-up capital of ₹52.7 Cr. It was formerly known as Diamond Cables Limited and Diamond Cables Private Limited. It is led by directors including Rakesh Ramanlal Shah and Maheswar Sahu.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Phase – II Village – Vadavala Ta.Savli, Vadodara, Gujarat, India.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,910.1 Cr, a growth of 71.2% compared to the previous year. For the same year it recorded a net profit of ₹157.79 Cr (net margin 8.3%) and EBITDA of ₹208.82 Cr (EBITDA margin 10.9%). Total assets are valued at ₹1,933.38 Cr (up 30.3% YoY).
The company has about 129 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Diamond Power Infrastructure. As per MCA filings, the company has open charges of ₹454.72 Cr and satisfied charges of ₹10,892 Cr on record. Court records list 244 cases involving the company, including 92 filed by the company and 153 filed against it; 32 cases are pending. The company has 64 deals on record (49 market trades, 10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹82.88 Cr; the latest was in May 2026. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 2 smaller; the largest is Nordex India Manufacturing Private Limited with revenue of ₹1,208.95 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 48 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dicabs.com.
Company details
CIN L31300GJ1992PLC018198
Registration Number 018198
Incorporation Date 26 August 1992
ROC Ahmedabad
Listing Status Listed (BSE: 522163, NSE: DIACABS)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Diamond Power Infrastructure has undergone 2 name changes throughout its history. The company was previously known as Diamond Cables Limited, and Diamond Cables Private Limited. The current legal name is Diamond Power Infrastructure Limited.
| Company Name | Status |
|---|---|
| Diamond Power Infrastructure Limited | Current |
| Diamond Cables Limited | Previous |
| Diamond Cables Private Limited | Previous |
CIN history
Diamond Power Infrastructure has one previous CIN (Corporate Identification Number): L31300GJ1992PTC018198. The current CIN is L31300GJ1992PLC018198, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31300GJ1992PLC018198 | Current |
| L31300GJ1992PTC018198 | Previous |
Recognitions & Rankings of Diamond Power Infrastructure
Contact details
Diamond Power Infrastructure Limited's registered office is in Vadodara, Gujarat. Its website is dicabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPhase – II Village – Vadavala Ta.Savli, Vadodara, Gujarat, India
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Diamond Power Infrastructure Limited, buy the company report.
Comprehensive company report
Diamond Power Infrastructure Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Diamond Power Infrastructure operates one associated brand: Diamond Power Infrastructure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power transmission and distribution solutions are manufactured and supplied. | dicabs.com |
Business activity
The main business activity of Diamond Power Infrastructure is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Diamond Power Infrastructure Limited, buy the company report.
Financials of Diamond Power Infrastructure Limited
FY 2025-26 filings availableDiamond Power Infrastructure Limited reported revenue of ₹1,910.1 Cr (up 71.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,910 Cr
+71.2% YoY
EBITDA
₹209 Cr
+212.7% YoY
Profit After Tax
₹158 Cr
+357.2% YoY
Net Worth
−₹604 Cr
+31.2% YoY
Total Assets
₹1,933 Cr
+30.3% YoY
Total Debt
₹2,536 Cr
+7.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,910 | 1,115 | 343 | 1,132 | 2,235 | 2,779 | 3,178 |
| Revenue growth | +71.3% | +224.8% | - | -49.4% | -19.6% | -12.6% | - |
| EBITDA | 209 | 66.78 | 42.42 | (647) | (7.61) | 33.42 | 282 |
| EBITDA margin | +10.9% | +6.0% | +12.4% | -57.2% | -0.3% | +1.2% | +8.9% |
| Profit before tax | 147 | 34.42 | 16.90 | (808) | (286) | (179) | 131 |
| Net profit | 158 | 34.51 | 17.32 | (919) | (273) | (155) | 111 |
| Net profit margin | +8.3% | +3.1% | +5.0% | -81.2% | -12.2% | -5.6% | +3.5% |
| EPS (₹) | 3.00 | 0.65 | 3.23 | 0.00 | 0.00 | 0.00 | 20.54 |
| Balance sheet | |||||||
| Total assets | 1,933 | 1,484 | 1,382 | 2,334 | 2,905 | 2,883 | 2,344 |
| Net worth | (604) | (879) | (973) | 655 | 622 | 848 | 990 |
| Total debt | 2,536 | 2,362 | 456 | 1,606 | 2,207 | 2,014 | 1,353 |
| Cash & bank | 104 | 13.60 | 9.84 | 50.64 | 94.74 | 64.34 | 101 |
| Net working capital | 578 | 179 | 125 | 931 | 1,393 | 1,593 | 1,118 |
| Cash flow | |||||||
| Cash from operations | 35.87 | 77.32 | 15.77 | (258) | (140) | (362) | 119 |
| Cash from investing | (143) | (68.71) | (19.24) | 48.77 | (102) | (192) | (260) |
| Cash from financing | 136 | (5.89) | 4.19 | 210 | 248 | 554 | 138 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 690 | 696 | 474 | 438 | 302 | 334 | 307 | 250 |
| Revenue growth (YoY) | +128.6% | +108.5% | +54.2% | +75.1% | +34.8% | - | - | - |
| Other income | 7.68 | 7.04 | 0.64 | 0.10 | 0.21 | 0.24 | 0.09 | 0.18 |
| EBITDA | 76.96 | 73.98 | 69.12 | 45.92 | 27.21 | 13.76 | 15.94 | 13.04 |
| EBITDA margin | +11.2% | +10.6% | +14.6% | +10.5% | +9.0% | +4.1% | +5.2% | +5.2% |
| Depreciation | 11.71 | 8.16 | 7.86 | 7.40 | 7.30 | 5.48 | 4.98 | 4.92 |
| Interest | 14.24 | 14.36 | 11.10 | 9.82 | 3.69 | 0.86 | 4.80 | 4.32 |
| Profit before tax | 58.69 | 58.50 | 50.80 | 28.80 | 16.43 | 7.66 | 6.25 | 3.98 |
| Tax | 0.24 | 1.59 | 1.08 | 1.08 | 0.03 | (0.02) | (0.02) | (0.02) |
| Net profit | 58.45 | 56.91 | 49.72 | 27.72 | 16.40 | 7.68 | 6.27 | 4.00 |
| EPS (₹) | 1.11 | 1.15 | 0.94 | 0.53 | 0.38 | 0.15 | 0.12 | 0.76 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,944 | 1,115 | 343 | 15.46 | 0.00 | 0.00 | 1,132 |
| Revenue growth | +74.3% | +224.8% | +2121.0% | - | - | - | - |
| EBITDA | 181 | 66.89 | 42.42 | (23.66) | (2.83) | (2.23) | (647) |
| EBITDA margin | +9.3% | +6.0% | +12.4% | -153.0% | - | - | -57.2% |
| Profit before tax | 132 | 34.65 | 16.90 | (42.89) | (25.40) | (24.12) | (808) |
| Net profit | 148 | 34.74 | 17.32 | (42.89) | (25.40) | (24.12) | (909) |
| Net profit margin | +7.6% | +3.1% | +5.0% | -277.4% | - | - | -80.3% |
| EPS (₹) | 2.80 | 0.66 | 3.23 | (8.14) | (0.94) | (0.89) | 0.00 |
| Balance sheet | |||||||
| Total assets | 1,846 | 1,484 | 1,382 | 1,364 | 1,449 | 1,462 | 2,335 |
| Net worth | (615) | (878) | (973) | (980) | (622) | (596) | 657 |
| Total debt | 2,460 | 2,362 | 456 | 367 | 1,978 | 1,977 | 1,605 |
| Cash & bank | 46.03 | 12.64 | 9.84 | 6.25 | 3.55 | 1.09 | 50.64 |
| Net working capital | 423 | 176 | 125 | 102 | 147 | 144 | 922 |
| Cash flow | |||||||
| Cash from operations | 104 | 80.55 | 15.77 | (1,953) | 9.13 | 3.84 | (254) |
| Cash from investing | (154) | (72.10) | (19.24) | 20.20 | (0.60) | (0.44) | 45.11 |
| Cash from financing | 71.91 | (5.89) | 4.19 | 1,936 | (6.07) | (3.69) | 210 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 707 | 715 | 481 | 445 | 304 | 334 | 307 | 250 |
| Revenue growth (YoY) | +133.0% | +114.1% | +56.5% | +77.9% | +35.6% | - | - | - |
| Other income | 6.75 | 5.93 | 0.20 | 0.14 | 0.27 | 0.29 | 0.16 | 0.18 |
| Total expenses | 640 | 653 | 421 | 404 | 278 | 320 | 291 | 237 |
| EBITDA | 67.71 | 61.46 | 59.99 | 41.02 | 25.77 | 13.79 | 16.01 | 13.04 |
| EBITDA margin | +9.6% | +8.6% | +12.5% | +9.2% | +8.5% | +4.1% | +5.2% | +5.2% |
| Depreciation | 11.22 | 7.65 | 7.26 | 7.18 | 7.14 | 5.48 | 4.98 | 4.92 |
| Interest | 6.32 | 6.31 | 7.11 | 8.82 | 3.44 | 0.86 | 4.80 | 4.32 |
| Profit before tax | 56.92 | 53.43 | 45.82 | 25.16 | 15.46 | 7.74 | 6.39 | 3.98 |
| Tax | (0.16) | (0.07) | (0.18) | (0.02) | (0.02) | (0.02) | (0.02) | (0.02) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 690 | 696 | 474 | 438 | 302 | 334 | 307 | 250 |
| Revenue growth (YoY) | +128.6% | +108.5% | +54.2% | +75.1% | +34.8% | - | - | - |
| Other income | 7.68 | 7.04 | 0.64 | 0.10 | 0.21 | 0.24 | 0.09 | 0.18 |
| EBITDA | 76.96 | 73.98 | 69.12 | 45.92 | 27.21 | 13.76 | 15.94 | 13.04 |
| EBITDA margin | +11.2% | +10.6% | +14.6% | +10.5% | +9.0% | +4.1% | +5.2% | +5.2% |
| Depreciation | 11.71 | 8.16 | 7.86 | 7.40 | 7.30 | 5.48 | 4.98 | 4.92 |
| Interest | 14.24 | 14.36 | 11.10 | 9.82 | 3.69 | 0.86 | 4.80 | 4.32 |
| Profit before tax | 58.69 | 58.50 | 50.80 | 28.80 | 16.43 | 7.66 | 6.25 | 3.98 |
| Tax | 0.24 | 1.59 | 1.08 | 1.08 | 0.03 | (0.02) | (0.02) | (0.02) |
| Net profit | 58.45 | 56.91 | 49.72 | 27.72 | 16.40 | 7.68 | 6.27 | 4.00 |
| EPS (₹) | 1.11 | 1.15 | 0.94 | 0.53 | 0.38 | 0.15 | 0.12 | 0.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,910 | 1,115 | 343 | 1,132 | 2,235 | 2,779 | 3,178 |
| Revenue growth | +71.3% | +224.8% | - | -49.4% | -19.6% | -12.6% | - |
| Other income | 8.00 | 0.56 | 0.75 | 125 | 14.69 | 15.37 | 7.76 |
| Total expenses | 1,701 | 1,049 | 301 | 1,779 | 2,242 | 2,745 | 2,896 |
| Employee cost | 0.00 | 13.36 | 7.27 | 22.19 | 26.42 | 31.86 | 37.08 |
| EBITDA | 209 | 66.78 | 42.42 | (647) | (7.61) | 33.42 | 282 |
| EBITDA margin | +10.9% | +6.0% | +12.4% | -57.2% | -0.3% | +1.2% | +8.9% |
| Depreciation | 30.71 | 20.28 | 19.56 | 93.95 | 58.16 | 50.87 | 36.13 |
| Interest | 38.97 | 12.64 | 6.71 | 191 | 235 | 177 | 123 |
| Profit before tax | 147 | 34.42 | 16.90 | (808) | (286) | (179) | 131 |
| Tax | 3.77 | (0.09) | (0.12) | (13.12) | (14.62) | 5.48 | 20.10 |
| Net profit | 158 | 34.51 | 17.32 | (919) | (273) | (155) | 111 |
| Net profit margin | +8.3% | +3.1% | +5.0% | -81.2% | -12.2% | -5.6% | +3.5% |
| EPS (₹) | 3.00 | 0.65 | 3.23 | 0.00 | 0.00 | 0.00 | 20.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.70 | 52.70 | 52.70 | 270 | 57.00 | 58.14 | 58.14 |
| Reserves & surplus | (657) | (931) | (1,026) | 338 | 451 | 756 | 932 |
| Shareholders' funds (net worth) | (604) | (879) | (973) | 655 | 622 | 848 | 990 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 226 | 286 | 346 | 1,606 | 2,207 | 1,928 | 1,154 |
| Unsecured loans | 2,310 | 2,076 | 110 | 0.00 | 0.00 | 85.40 | 199 |
| Total debt | 2,536 | 2,362 | 456 | 1,606 | 2,207 | 2,014 | 1,353 |
| Total liabilities | 1,933 | 1,484 | 1,382 | 2,334 | 2,905 | 2,883 | 2,344 |
| Assets | |||||||
| Gross block | 1,778 | 1,714 | 1,584 | 1,575 | 1,575 | 645 | 649 |
| Net block | 1,201 | 1,168 | 1,057 | 1,246 | 1,339 | 459 | 514 |
| Capital work in progress | 152 | 135 | 198 | 137 | 133 | 694 | 445 |
| Investments | 0.00 | 0.00 | 0.00 | 6.94 | 16.91 | 12.04 | 18.79 |
| Inventories | 369 | 206 | 120 | 481 | 805 | 1,131 | 1,210 |
| Sundry debtors | 464 | 176 | 58.79 | 351 | 786 | 569 | 324 |
| Cash & bank balances | 104 | 13.60 | 9.84 | 50.64 | 94.74 | 64.34 | 101 |
| Loans & advances | 111 | 88.18 | 72.46 | 169 | 176 | 83.75 | 86.23 |
| Total current assets | 1,049 | 483 | 261 | 1,052 | 1,862 | 1,847 | 1,721 |
| Total current liabilities | 470 | 303 | 136 | 121 | 469 | 254 | 603 |
| Net working capital | 578 | 179 | 125 | 931 | 1,393 | 1,593 | 1,118 |
| Total assets | 1,933 | 1,484 | 1,382 | 2,334 | 2,905 | 2,883 | 2,344 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.18 | 4.45 | 3.72 | 14.56 | 7.98 | 8.08 | 102 |
| Net cash from operating activities | 35.87 | 77.32 | 15.77 | (258) | (140) | (362) | 119 |
| Net cash from investing activities | (143) | (68.71) | (19.24) | 48.77 | (102) | (192) | (260) |
| Net cash from financing activities | 136 | (5.89) | 4.19 | 210 | 248 | 554 | 138 |
| Net change in cash | 28.63 | 2.73 | 0.73 | 1.31 | 6.58 | (0.10) | (3.34) |
| Closing cash | 104 | 13.60 | 9.84 | 50.64 | 94.74 | 64.34 | 101 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +71.3% | +224.8% | - | -49.4% | -19.6% | -12.6% | - |
| EBITDA growth | +212.7% | +57.4% | - | -8404.6% | -122.8% | -88.2% | - |
| PBT growth | +327.5% | +103.7% | +9998.0% | -182.7% | -59.7% | - | +8.2% |
| Net income growth | +357.2% | +99.3% | - | -236.9% | -75.6% | -240.0% | - |
| Revenue CAGR (3Y) | +19.1% | -20.7% | -50.2% | -29.1% | -4.7% | - | - |
| EBITDA CAGR (3Y) | - | - | +8.3% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.5% | +3.1% | +5.0% | -70.2% | -12.1% | -6.6% | +3.5% |
| Return on capital employed | - | +1.4% | +0.7% | 0.0% | -1.8% | +1.1% | +11.8% |
| Return on net worth | - | +3.2% | +1.6% | 0.0% | -37.0% | -17.0% | +12.8% |
| Debt / equity | - | 0.00 | 0.00 | 2.99 | 2.87 | 1.83 | 1.47 |
| Long-term debt / equity | - | 0.00 | 0.00 | 1.61 | 1.58 | 1.00 | 0.76 |
| Interest cover | 21.88 | 27.18 | 29.35 | -25.82 | -356.77 | -1,013.52 | 49.87 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.68 | 0.22 | 0.73 | 2.05 | 4.39 | 5.86 |
| Inventory turnover | - | 6.85 | 2.85 | 1.79 | 2.35 | 2.43 | 3.02 |
| Debtors turnover | - | 9.52 | 5.84 | 2.03 | 3.36 | 6.37 | 8.04 |
| EPS (₹) | 3.00 | 0.65 | 3.23 | 0.00 | 0.00 | 0.00 | 20.54 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (16.67) | (184.71) | 22.52 | 89.20 | 149.98 | 182.65 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 707 | 715 | 481 | 445 | 304 | 334 | 307 | 250 |
| Revenue growth (YoY) | +133.0% | +114.1% | +56.5% | +77.9% | +35.6% | - | - | - |
| Other income | 6.75 | 5.93 | 0.20 | 0.14 | 0.27 | 0.29 | 0.16 | 0.18 |
| Total expenses | 640 | 653 | 421 | 404 | 278 | 320 | 291 | 237 |
| EBITDA | 67.71 | 61.46 | 59.99 | 41.02 | 25.77 | 13.79 | 16.01 | 13.04 |
| EBITDA margin | +9.6% | +8.6% | +12.5% | +9.2% | +8.5% | +4.1% | +5.2% | +5.2% |
| Depreciation | 11.22 | 7.65 | 7.26 | 7.18 | 7.14 | 5.48 | 4.98 | 4.92 |
| Interest | 6.32 | 6.31 | 7.11 | 8.82 | 3.44 | 0.86 | 4.80 | 4.32 |
| Profit before tax | 56.92 | 53.43 | 45.82 | 25.16 | 15.46 | 7.74 | 6.39 | 3.98 |
| Tax | (0.16) | (0.07) | (0.18) | (0.02) | (0.02) | (0.02) | (0.02) | (0.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,944 | 1,115 | 343 | 15.46 | 0.00 | 0.00 | 1,132 |
| Revenue growth | +74.3% | +224.8% | +2121.0% | - | - | - | - |
| Other income | 6.53 | 0.68 | 0.75 | 0.26 | 0.05 | 0.06 | 125 |
| Total expenses | 1,764 | 1,048 | 301 | 39.12 | 2.83 | 2.23 | 1,779 |
| Employee cost | 0.00 | 13.36 | 7.27 | 3.03 | 0.14 | 0.14 | 22.19 |
| EBITDA | 181 | 66.89 | 42.42 | (23.66) | (2.83) | (2.23) | (647) |
| EBITDA margin | +9.3% | +6.0% | +12.4% | -153.0% | - | - | -57.2% |
| Depreciation | 29.22 | 20.28 | 19.56 | 18.84 | 15.70 | 15.70 | 93.95 |
| Interest | 25.67 | 12.64 | 6.71 | 0.65 | 6.92 | 6.25 | 191 |
| Profit before tax | 132 | 34.65 | 16.90 | (42.89) | (25.40) | (24.12) | (808) |
| Tax | (0.30) | (0.09) | (0.12) | 0.00 | 0.00 | 0.00 | (13.12) |
| Net profit | 148 | 34.74 | 17.32 | (42.89) | (25.40) | (24.12) | (909) |
| Net profit margin | +7.6% | +3.1% | +5.0% | -277.4% | - | - | -80.3% |
| EPS (₹) | 2.80 | 0.66 | 3.23 | (8.14) | (0.94) | (0.89) | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.70 | 52.70 | 52.70 | 52.70 | 270 | 270 | 270 |
| Reserves & surplus | (667) | (931) | (1,026) | (1,033) | (939) | (913) | 340 |
| Shareholders' funds (net worth) | (615) | (878) | (973) | (980) | (622) | (596) | 657 |
| Secured loans | 164 | 286 | 346 | 367 | 1,978 | 1,977 | 1,605 |
| Unsecured loans | 2,296 | 2,076 | 110 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 2,460 | 2,362 | 456 | 367 | 1,978 | 1,977 | 1,605 |
| Total liabilities | 1,846 | 1,484 | 1,382 | 1,364 | 1,449 | 1,462 | 2,335 |
| Assets | |||||||
| Gross block | 1,744 | 1,714 | 1,584 | 1,576 | 1,575 | 1,575 | 1,575 |
| Net block | 1,168 | 1,168 | 1,057 | 1,070 | 1,087 | 1,103 | 1,246 |
| Capital work in progress | 133 | 112 | 198 | 188 | 188 | 188 | 128 |
| Investments | 3.00 | 3.00 | 0.00 | 0.00 | 12.50 | 12.31 | 17.14 |
| Inventories | 347 | 206 | 120 | 68.01 | 47.40 | 47.40 | 481 |
| Sundry debtors | 442 | 176 | 58.79 | 6.58 | 309 | 309 | 351 |
| Cash & bank balances | 46.03 | 12.64 | 9.84 | 6.25 | 3.55 | 1.09 | 50.64 |
| Loans & advances | 89.51 | 82.90 | 72.46 | 64.63 | 318 | 317 | 160 |
| Total current assets | 925 | 477 | 261 | 145 | 677 | 674 | 1,043 |
| Total current liabilities | 502 | 301 | 136 | 43.28 | 531 | 531 | 121 |
| Net working capital | 423 | 176 | 125 | 102 | 147 | 144 | 922 |
| Total assets | 1,846 | 1,484 | 1,382 | 1,364 | 1,449 | 1,462 | 2,335 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.01 | 4.45 | 3.72 | 3.55 | (5.07) | (4.77) | 14.47 |
| Net cash from operating activities | 104 | 80.55 | 15.77 | (1,953) | 9.13 | 3.84 | (254) |
| Net cash from investing activities | (154) | (72.10) | (19.24) | 20.20 | (0.60) | (0.44) | 45.11 |
| Net cash from financing activities | 71.91 | (5.89) | 4.19 | 1,936 | (6.07) | (3.69) | 210 |
| Net change in cash | 22.34 | 2.56 | 0.73 | 2.70 | 2.46 | (0.30) | 1.40 |
| Closing cash | 46.03 | 12.64 | 9.84 | 6.25 | 3.55 | 1.09 | 50.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +74.3% | +224.8% | +2121.0% | - | - | - | - |
| EBITDA growth | +170.4% | +57.7% | +279.3% | -736.0% | -26.9% | - | - |
| PBT growth | +282.3% | +105.0% | +9998.0% | -68.9% | -5.3% | +97.0% | -184.5% |
| Net income growth | +324.8% | +100.6% | +140.4% | -68.9% | -5.3% | - | - |
| Revenue CAGR (3Y) | +401.0% | - | - | -76.1% | -100.0% | -100.0% | -24.9% |
| EBITDA CAGR (3Y) | - | - | - | -66.8% | -35.6% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +6.8% | +3.1% | +5.0% | -277.4% | - | - | -70.2% |
| Return on capital employed | - | +1.4% | +1.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +3.2% | +43.7% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.98 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.61 |
| Interest cover | 16.93 | 27.12 | 29.35 | -1.53 | -37.34 | -34.86 | -25.81 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.68 | 0.22 | 0.01 | 0.00 | 0.00 | 0.73 |
| Inventory turnover | - | 6.85 | 3.65 | 0.27 | 0.00 | 0.00 | 1.79 |
| Debtors turnover | - | 9.52 | 10.51 | 0.10 | 0.00 | 0.00 | 2.03 |
| EPS (₹) | 2.80 | 0.66 | 3.23 | (8.14) | (0.94) | (0.89) | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (16.67) | (184.71) | (185.95) | (24.80) | (23.86) | 22.59 |
To see the full year-wise statements and ratios of Diamond Power Infrastructure Limited, buy the company report.
Board of directors of Diamond Power Infrastructure Limited
Diamond Power Infrastructure has 5 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Ramanlal Shah | Director | 17 Sep 2022 | 4 Years 1 Months | Current |
| Maheswar Sahu | Director | 17 Sep 2022 | 4 Years 1 Months | Current |
| Himanshu Jayantilal Shah Also directs: Gomax Aviation Private Limited, HJS & SRS Ventures Ifsc Private Limited, Monit Exim LLP and 5 more | Director | 17 Sep 2022 | 4 Years 1 Months | Current |
| Rabindra Nath Nayak Also directs: Imp Powers Limited, Yash Highvoltage Limited, Odisha Hydro Power Corporation Limited and 5 more | Director | 17 Sep 2022 | 4 Years 1 Months | Current |
| Varsha Biswajit Adhikari Also directs: Imp Powers Limited, Vikshar Enterprises LLP, Mangalam Global Enterprise Limited and 4 more | Director | 01 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Diamond Power Infrastructure Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Diamond Power Infrastructure Limitedthis company | ₹1,910.1 Cr (FY 2026) | ₹157.79 Cr | 8.3% | 71.2% | 129 | Vadodara, Gujarat, India |
| Nordex India Manufacturing Private Limited | ₹1,208.95 Cr (FY 2024) | 21.0% | Chennai, Tamil Nadu, India | |||
| Fuji Electric India Private Limited | ₹1,208.4 Cr (FY 2024) | 11.0% | Chennai, Tamil Nadu, India | |||
| Saatvik Solar Industries Private Limited | ₹1,186.92 Cr (FY 2025) | 31910.0% | Chandigarh, India | |||
| TTP Technologies Private Limited | ₹1,151.16 Cr (FY 2025) | 34.0% | Bangalore, Karnataka, India | |||
| Ge Power India Limited | ₹1,118.39 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Stelmec Limited | ₹1,047.3 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Microtek New Technologies Private Limited | ₹990.18 Cr (FY 2025) | 75.0% | Delhi, India |
To see the full peer comparison of Diamond Power Infrastructure Limited, buy the company report.
Auditor
Diamond Power Infrastructure Limited is audited by A Yadav & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A Yadav & Associates LLP | FY 2022 | 129725W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 84.00%, foreign institutional investors hold 1.80%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 14.00%.
Sep 2026
QUARTER
84.00% Promoters
0.20% DII (Domestic Institutional)
1.80% FII (Foreign Institutional)
14.00% Retail & Others
Promoter holding - history
Now 84.00% · Sep 2026High 84.00% · Dec 2025Low 84.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 84.00% | 84.00% | 84.00% | 84.00% |
| Public | 16.00% | 16.00% | 16.00% | 16.00% |
Charges & borrowings
Open charges
₹454.72 Cr
Satisfied charges
₹10,892 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2026 | 101235687 | Others | ₹85 Cr | Open | |
| 21 Oct 2015 | 10602317 | Others | ₹226.98 Cr | Open | |
| 31 Aug 2012 | 10376976 | Others | ₹42.74 Cr | Open | |
| 30 Jun 2011 | 10298825 | Unit Trust of India Investment Advisory Services Limited | ₹100 Cr | Open | |
| 18 Jun 2015 | 10577622 | Bank of India - Lead Bank | ₹2,858.91 Cr | Satisfied |
To see the full charge records of Diamond Power Infrastructure Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Diamond Power Infrastructure Limited has 64 deals on record (49 market trades, 10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹82.88 Cr; the latest was in May 2026.
Total deals
64
Market trades
49
Secondary share transfers
10
Funding rounds
4
QIP
1
Disclosed funding
₹82.88 Cr
Deals on record (5 of 64)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Market trade | ₹2.5 Cr | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Oct 2016 | Market trade | ₹8.57 Cr | Seller: Vikas Coating Private Limited , an individual |
| Aug 2016 | Market trade | ₹2.76 Cr | Buyer: Trishakti Power Holdings Private Limited Seller: Antique Finance Private Limited |
| Jun 2014 | Market trade | ₹27.09 Cr | Buyer: Antique Finance Private Limited , Saraswati Commercial (India) Ltd , Antique Sectrade Private Limited Seller: Altico Capital India |
| Apr 2014 | Market trade | ₹16.51 Cr | Buyer: Orange Mauritius Investments Limited, Epoch Synthetics Pvt.Ltd. , Pears Vanijya Private Limited Seller: Diamond Tele Cabs Private Limited |
To see the full deal history of Diamond Power Infrastructure Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Diamond Power Infrastructure Limited has 244 court cases on record: 92 filed by Diamond Power Infrastructure, 153 filed against it. 32 cases are pending and 212 are disposed.
Total cases
244
Filed by the company
92
Filed against the company
153
Pending
32
Disposed
212
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 155 | 94 | 8 |
| District courts | 60 | 35 | 15 |
| NCLAT | 13 | 12 | 3 |
| NCLT | 10 | 9 | 4 |
| Supreme Court | 6 | 3 | 2 |
Cases on record (5 of 244)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Madhya Gujarat Vij Company Limited | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Madhya Gujarat Vij Company Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Northway Spaces Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Paschim Gujarat Vij Company Ltd. | Pending |
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed by the company against Suresh Narain Bhatnagar Chairman, M/S Diamond Cables Ltd. (Now M/S. Diamond Power Infrastructure Ltd. ) 6, Green Park Nizampura Vadodara, Gujarat , District: Vadodara ,Vadodara , Gujarat and 3 others | Pending |
To see the full case history of Diamond Power Infrastructure Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Diamond Power Infrastructure Limited was last rated by Brickwork on 01 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 01 Jul 2021 |
To see the full credit ratings and regulatory alerts of Diamond Power Infrastructure Limited, buy the company report.
MSME payment delays
Diamond Power Infrastructure Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 48 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Enviroartana Private Limited | |||
| an individual supplier | |||
| Adhunik Transport Organisation Limited | |||
| Baywood Hotels India Private Limited | |||
| Speed Roadways Private Limited |
To see the full MSME payment records of Diamond Power Infrastructure Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Diamond Power Infrastructure Limited has a workforce of 129 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
129
Active EPFO establishments
1
Employee growth
32.99%
GST
Diamond Power Infrastructure has 16 GST registrations: 2 active and 14 cancelled or inactive.
Total GSTINs
16
Active
2
Cancelled / inactive
14
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD8043K3ZN | Gujarat | Active | 26 Mar 2025 |
| 26AAACD8043K2ZK | Dadra and Nagar Haveli and Daman and Diu | Active | 23 Mar 2024 |
To see the full GST registrations and return filing status of Diamond Power Infrastructure Limited, buy the company report.
Recent activity
Diamond Power Infrastructure Limited has 72 board changes on record since 1992: 39 appointments and 33 cessations. The latest: Samir Naik was appointed as Whole-Time Director on 08 Aug 2025.
Filing
Diamond Power Infrastructure Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 85.00 Cr with Charge ID 101235687 was registered on 21 Jan 2026.
AGM
Diamond Power Infrastructure Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Samir Naik was appointed as Whole-Time Director.
Charges
A charge with Others of Rs. 226.98 Cr registered on 21 Oct 2015 with Charge ID 10602317 was modified on 08 Jul 2025.
Charges
A charge registered on 09 Nov 2012 via Charge ID 10387327 with Axis Trustee Services Limited was fully satisfied on 08 Jul 2025.
Charges
A charge with Others of Rs. 42.74 Cr registered on 31 Aug 2012 with Charge ID 10376976 was modified on 08 Jul 2025.
Ceased
Vinod Bhoorchand Jain ceased to be Whole-Time Director.
Charges
A charge registered on 29 Mar 2013 via Charge ID 10417251 with Tata Capital Financial Services Limited was fully satisfied on 28 Apr 2025.
Charges
A charge registered on 18 Jun 2015 via Charge ID 10577622 with Bank Of India - Lead Bank was fully satisfied on 17 Apr 2025.
Charges
A charge registered on 03 Nov 2014 via Charge ID 10529932 with Others was fully satisfied on 09 Apr 2025.
Charges
A charge registered on 29 Jul 2008 via Charge ID 10116584 with Il & Fs Trust Company Limited was fully satisfied on 09 Apr 2025.
177 earlier events are in the company report.
News
Diamond Power Infrastructure: Plans To Invest ₹25 Crore In A New Catenary Continuous Vulcanisation Line For Cables Up To 132 KV, With Capacity Expected By December 31, 2027, To Address Rising Demand For HV/EHV Underground Cables.
Diamond Power Infrastructure Limited: Gets ₹179.43 Crore Contract From Adani Electricity Mumbai Limited For Specialized MV Cables.
Frequently asked questions
Diamond Power Infrastructure is an active public limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 August 1992 (34+ years old) and is registered under CIN L31300GJ1992PLC018198. Listed on BSE: 522163 and NSE: DIACABS.
Diamond Power Infrastructure reported revenue of ₹1,910.1 Cr for FY 2025-26 (up 71.2% YoY) based on consolidated financials.
Diamond Power Infrastructure has 5 current directors:
- Rakesh Ramanlal Shah - Director
- Maheswar Sahu - Director
- Himanshu Jayantilal Shah - Director
- Rabindra Nath Nayak - Director
- Varsha Biswajit Adhikari - Director
The latest financial statements of Diamond Power Infrastructure on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Diamond Power Infrastructure is 24AAACD8043K3ZN, registered in Gujarat. The company has 16 GST registrations in all, of which 2 are active and 14 are cancelled or inactive. Other active GSTINs include 26AAACD8043K2ZK (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Diamond Power Infrastructure is L31300GJ1992PLC018198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Diamond Power Infrastructure is listed on both BSE (code: 522163) and NSE (symbol: DIACABS).
Diamond Power Infrastructure has 244 court cases on record: 92 filed by the company and 153 filed against it. 32 are pending. Most are in the high courts.
Diamond Power Infrastructure was incorporated on 26 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Diamond Power Infrastructure has 64 deals on record (49 market trades, 10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹82.88 Cr; the latest was in May 2026.
The peers of Diamond Power Infrastructure by revenue are Nordex India Manufacturing Private Limited, Fuji Electric India Private Limited, Saatvik Solar Industries Private Limited, TTP Technologies Private Limited, Ge Power India Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Samir Naik was appointed as Whole-Time Director on 08 Aug 2025. Vinod Bhoorchand Jain ceased to be Whole-Time Director on 27 May 2025. Pawan Kumar Lohiya ceased to be Whole-Time Director on 11 Oct 2024. Diamond Power Infrastructure has 72 board changes on record in total.